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PTC Inc.（PTC）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是PTC Inc.的1.1倍（$766.5M vs $685.8M），PTC Inc.净利率更高（24.3% vs 2.2%，领先22.1%），PTC Inc.同比增速更快（21.4% vs 2.5%），PTC Inc.自由现金流更多（$267.4M vs $28.9M），过去两年PTC Inc.的营收复合增速更高（6.6% vs 0.9%）
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
PTC vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.1倍
$685.8M
营收增速更快
PTC
高出18.8%
2.5%
净利率更高
PTC
高出22.1%
2.2%
自由现金流更多
PTC
多$238.5M
$28.9M
两年增速更快
PTC
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $685.8M | $766.5M |
| 净利润 | $166.5M | $16.5M |
| 毛利率 | 82.8% | 13.4% |
| 营业利润率 | 32.2% | 2.3% |
| 净利率 | 24.3% | 2.2% |
| 营收同比 | 21.4% | 2.5% |
| 净利润同比 | 102.5% | -3.3% |
| 每股收益（稀释后） | $1.39 | $0.75 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PTCSCSC
| Q4 25 | $685.8M | $766.5M | ||
| Q3 25 | $893.8M | $739.6M | ||
| Q2 25 | $643.9M | $812.9M | ||
| Q1 25 | $636.4M | $704.8M | ||
| Q4 24 | $565.1M | $747.5M | ||
| Q3 24 | $626.5M | $775.6M | ||
| Q2 24 | $518.6M | $746.1M | ||
| Q1 24 | $603.1M | $752.6M |
净利润PTCSCSC
| Q4 25 | $166.5M | $16.5M | ||
| Q3 25 | $347.8M | $19.9M | ||
| Q2 25 | $141.3M | $20.1M | ||
| Q1 25 | $162.6M | $17.4M | ||
| Q4 24 | $82.2M | $17.1M | ||
| Q3 24 | $126.5M | $17.0M | ||
| Q2 24 | $69.0M | $16.1M | ||
| Q1 24 | $114.4M | $12.8M |
毛利率PTCSCSC
| Q4 25 | 82.8% | 13.4% | ||
| Q3 25 | 86.9% | 14.5% | ||
| Q2 25 | 82.9% | 12.9% | ||
| Q1 25 | 83.3% | 14.2% | ||
| Q4 24 | 80.2% | 13.6% | ||
| Q3 24 | 82.0% | 13.1% | ||
| Q2 24 | 78.4% | 13.0% | ||
| Q1 24 | 81.8% | 12.6% |
营业利润率PTCSCSC
| Q4 25 | 32.2% | 2.3% | ||
| Q3 25 | 48.5% | 3.5% | ||
| Q2 25 | 32.6% | 3.3% | ||
| Q1 25 | 35.1% | 3.2% | ||
| Q4 24 | 20.4% | 2.5% | ||
| Q3 24 | 31.0% | 2.3% | ||
| Q2 24 | 18.5% | 2.9% | ||
| Q1 24 | 29.8% | 2.3% |
净利率PTCSCSC
| Q4 25 | 24.3% | 2.2% | ||
| Q3 25 | 38.9% | 2.7% | ||
| Q2 25 | 21.9% | 2.5% | ||
| Q1 25 | 25.6% | 2.5% | ||
| Q4 24 | 14.6% | 2.3% | ||
| Q3 24 | 20.2% | 2.2% | ||
| Q2 24 | 13.3% | 2.2% | ||
| Q1 24 | 19.0% | 1.7% |
每股收益（稀释后）PTCSCSC
| Q4 25 | $1.39 | $0.75 | ||
| Q3 25 | $2.88 | $0.89 | ||
| Q2 25 | $1.17 | $0.87 | ||
| Q1 25 | $1.35 | $0.74 | ||
| Q4 24 | $0.68 | $0.70 | ||
| Q3 24 | $1.05 | $0.69 | ||
| Q2 24 | $0.57 | $0.66 | ||
| Q1 24 | $0.95 | $0.50 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $209.7M | $83.5M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $3.8B | $910.9M |
| 总资产 | $6.4B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资PTCSCSC
| Q4 25 | $209.7M | $83.5M | ||
| Q3 25 | $184.4M | $124.9M | ||
| Q2 25 | $199.3M | $126.2M | ||
| Q1 25 | $235.2M | $146.3M | ||
| Q4 24 | $196.3M | $110.5M | ||
| Q3 24 | $265.8M | $145.0M | ||
| Q2 24 | $247.7M | $185.5M | ||
| Q1 24 | $249.0M | $159.1M |
总债务PTCSCSC
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.5B | — |
股东权益PTCSCSC
| Q4 25 | $3.8B | $910.9M | ||
| Q3 25 | $3.8B | $914.0M | ||
| Q2 25 | $3.5B | $906.4M | ||
| Q1 25 | $3.4B | $901.7M | ||
| Q4 24 | $3.2B | $900.7M | ||
| Q3 24 | $3.2B | $920.9M | ||
| Q2 24 | $3.0B | $924.3M | ||
| Q1 24 | $2.9B | $944.1M |
总资产PTCSCSC
| Q4 25 | $6.4B | $1.7B | ||
| Q3 25 | $6.6B | $1.7B | ||
| Q2 25 | $6.2B | $1.8B | ||
| Q1 25 | $6.2B | $1.7B | ||
| Q4 24 | $6.1B | $1.7B | ||
| Q3 24 | $6.4B | $1.8B | ||
| Q2 24 | $6.1B | $1.8B | ||
| Q1 24 | $6.2B | $1.8B |
负债/权益比PTCSCSC
| Q4 25 | 0.31× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 0.51× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $269.7M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $267.4M | $28.9M |
| 自由现金流率自由现金流/营收 | 39.0% | 3.8% |
| 资本支出强度资本支出/营收 | 0.3% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.62× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $888.4M | — |
8季度趋势，按日历期对齐
经营现金流PTCSCSC
| Q4 25 | $269.7M | $30.8M | ||
| Q3 25 | $104.0M | $23.2M | ||
| Q2 25 | $243.9M | — | ||
| Q1 25 | $281.3M | $66.1M | ||
| Q4 24 | $238.4M | $-6.2M | ||
| Q3 24 | $98.1M | $44.8M | ||
| Q2 24 | $213.8M | — | ||
| Q1 24 | $250.7M | $160.2M |
自由现金流PTCSCSC
| Q4 25 | $267.4M | $28.9M | ||
| Q3 25 | $100.5M | $20.8M | ||
| Q2 25 | $242.0M | — | ||
| Q1 25 | $278.5M | $64.6M | ||
| Q4 24 | $235.7M | $-8.2M | ||
| Q3 24 | $93.6M | $42.5M | ||
| Q2 24 | $212.2M | — | ||
| Q1 24 | $247.1M | $157.7M |
自由现金流率PTCSCSC
| Q4 25 | 39.0% | 3.8% | ||
| Q3 25 | 11.2% | 2.8% | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | 43.8% | 9.2% | ||
| Q4 24 | 41.7% | -1.1% | ||
| Q3 24 | 14.9% | 5.5% | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 41.0% | 21.0% |
资本支出强度PTCSCSC
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | 0.4% | 0.3% | ||
| Q2 25 | 0.3% | 0.3% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.5% | 0.3% | ||
| Q3 24 | 0.7% | 0.3% | ||
| Q2 24 | 0.3% | 0.2% | ||
| Q1 24 | 0.6% | 0.3% |
现金转化率PTCSCSC
| Q4 25 | 1.62× | 1.87× | ||
| Q3 25 | 0.30× | 1.17× | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 1.73× | 3.79× | ||
| Q4 24 | 2.90× | -0.36× | ||
| Q3 24 | 0.78× | 2.64× | ||
| Q2 24 | 3.10× | — | ||
| Q1 24 | 2.19× | 12.51× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
